The average rent in The West Midlands is £732 according to a survey of properties carried out by HMRC's Valuation Office Agency between September 2021 and September 2022. Between the years ending September 2021 and September 2022, average rents in The West Midlands grew by £23. Compare average rent by area.
The West Midlands's average rent of £732 is £214 lower than the £946 average rent in England. The West Midlands is the 5th most expensive region (of 9 total) based on average rent price.
The average rent growth rate in The West Midlands between the years ending September 2021 and September 2022 was 3.2%. If rents continue to grow at this rate, average rents will reach £832 by 2025.
The average cost of rent in The West Midlands varies depending on property type, prices start at £429 for a single room and rise to £1,251 for a house with four or more bedrooms.
Rental data for The West Midlands is based on a sample that may change over time. Some differences in trends may be due to changes in the sample rather than true changes in the rental market.
Within each property type, rent price can vary depending on variables such as property size and condition of fittings. For example, the lower quartile rent for two bed flats in The West Midlands is £595, increasing to £775 for the upper quartile rent.
Based on the 42,640 properties surveyed, the most common type of rental property within The West Midlands is 2 beds, which account for 42.4% of properties. In England, the most common type of property is 2 bed flats, which account for 38.6% of the rental market stock.
The least commonly available type of rental property is Studios, which account for 1.7% of properties. In England, the least common type of property is Studio flats, which account for 2.2% of the rental market stock.
The cheapest rents in The West Midlands are found in Stoke-on-Trent, where the average cost of rent is £523. In the past year, rents have changed by -4.9% in Stoke-on-Trent (compared to 3.2% in The West Midlands)
YoY change in average Rent
|1|| Stoke-on-Trent |
|2|| Telford and Wrekin |
|3|| Shropshire |
|4|| Herefordshire, County of |
|5|| Staffordshire |
The most expensive rents in The West Midlands are found in Warwickshire, where the average cost of rent is £849. In the past year, rents have changed by 8.7% in Warwickshire (compared to 3.2% in The West Midlands)
Source: Office for National Statistics licensed under the Open Government Licence v.3.0. Contains OS data © Crown copyright and database right 2022. Data sources: ONS Local statistics